Through our GIC brokerage, we offer access to Canada's largest GIC issuers,
so you can be assured you are getting the best rates possible.

Guaranteed Investment Certificates are secure investments that guarantee to preserve your money. Your investment earns interest, at either a set or a variable rate, or based on a market-linked formula. Most portfolios should include some proportion of secure investments such as GICs to balance the more aggressive investments. There are threetypes of GICs for greater flexibility: Guaranteed-return GICs guarantee that your money will grow as expectedInterest rate-linked GICs make it easy to benefit from any increase in interest rates without having to adjust your investments. Market-linked GICs offer you the growth potential of the stock market while guaranteeing your principal Guaranteed Investment Certificates may also be redeemable or non-redeemable. Redeemable GICs (term deposits) may be redeemed prior to maturity. A lower interest rate applies to early redemptions. Non-redeemable GICs are not redeemable prior to maturity except in exceptional circumstances.

Guaranteed Investment Certificates have many benefits which include:

Security and safety—both your original investment and interest payments are guaranteed

Competitive interest rates —guaranteed for the full term of the investment

Flexible investment terms—ranging from one year to five years, seven years and ten years

Choice of interest payment frequencies

Eligible for registered investment plans

Our GIC issuers include:

AGF Trust

Advisors Advantage Trust

B2B Trust

Bank of Montreal

Bank of Nova Scotia

Citizens Bank

Dundee Bank of Canada

Equitable Trust

General Bank of Canada

Home Trust Company

HSBC Trust

ICICI Bank Canada

Invesco Trimark

Laurentian Bank

Manulife Bank

Manulife Investments

Maple Trust

Montreal Trust

MRS Trust

NatCan Trust

National Bank

Pacific and Western Trust

Peoples Trust

ResMor Trust

Royal Bank

TD / Canada Trust

Vancity Savings

CDIC Membership Are Your Savings Protected?

From $1 to $100,000 Canada Deposit Insurance Corporation (CDIC) is a Federal Crown Corporation created in 1967 to provide depsoti insurance and contribute to the stability of Canada's Financial System. CDIC insures eligible deposits up to $100,000 (including principal and interest) pre depositor in each member institution.

Are all Financial Institutions members of CDIC?

No. Membership is limited to banks, trust companies, loan companies and associations to which the Cooperative Credit Association Act applies. Members must display this sign:

Are members of CDIC examined?

Yes. On behalf of CDIC, federally incorperated members are examined by the Superintendent of Financial Institutions. Provincially incorporated members are inspected by a person designated by CDIC, typically the institutions' provinical regulator or the Superintendent of Financial Institutions.

Can the CDIC membership list change?

Yes. Changes may include the addition of new members, name changes, amalgamations, and cancellations of deposit insurance. For information about how these changes may affect your deposit insurance, contact CDIC through its toll-free telephone information line or by e-mail.

GIC’s that are purchased through credit unions are protected by the
Credit UnionDeposit
Insurance Corporation(CUDIC).
The CUDIC
insures up to $250,000 is eligible deposits. Every active credit union
in Nova Scotia is required by legislation to be insured by CUDIC.

Assuris
protects deposits issued by life insurance companies. In order for a
life insurance company to write insurance in Canada they are required to
be a member of Assuris. If your life insurance company fails, your Accumulation Annuity policy (insurance equivalent of GIC) will be transferred to a solvent company.
On transfer, Assuris guarantees that you will retain 100% of the Accumulated Value up to $100,000.